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EUR/USD closed lower due to profit taking on Tuesday as it consolidates some of the rally off February's low. The low-range close sets the stage for a steady to lower opening on Wednesday. Stochastics and the RSI remain neutral to bullish signalling that sideways to higher prices are possible near-term. If it renews the rally off January's low, the 75% retracement level of the November-January decline crossing is the next upside target. Closes below last Tuesday's low crossing would confirm that a short-term top has been posted.